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CTA UPDATE: FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons
By April 22, 2025 Posted in Community Association Law Share
As you may recall, The Corporate Transparency Act or the “CTA,” established under Title LXIV of the Defense Act, was introduced in 2023 and took effect on January 1, 2024, carrying with it significant implications for landlords and property owners. At the time of its effective date, the CTA introduced a federal reporting requirement for companies operating in the United States.
New amendments were adopted by the New Jersey of Civil Rights (“DCR”) regarding the Multiple Dwelling Reporting Rule (“MDRR”) on April 7, 2025
By April 22, 2025 Posted in Landlord/Tenant Law Share
One of the biggest changes with the adoption of these new amendments to the MDRR is the requirement to provide applicants and leaseholders with DCR’s Applicant / Tenant Inquiry document. This document was produced by the DCR. Reporting information back to the DCA in regard to the MDRR has always been mandatory, that is not changing. However, the use of the DCR’s document was used to assist owners in gathering information that the DCR has required to have on file. This is where the change comes into play.
NEW COMBUSTIBLE MULCH REGULATIONS
By March 4, 2025 Posted in Community Association Law Share
The New Jersey Fire Code has changed as a new regulation aimed at combatting combustible mulch was adopted on April 15, 2024, and is taking effect on April 15, 2025. Pursuant to N.J.A.C. 5:70-3, 305.7, all occupancies who are subject to this regulation will have to remove all combustible landscape materials that are located within 18 inches of the foundation of any building or structure or in the area of any designated smoking area and replace it with